CBRE Hikes 2023 U.S. Hotel, Occupancy Forecast; Layoffs at Sonder, Wheels Up

	March 03, 2023

CBRE Hikes 2023 U.S. Hotel, Occupancy Forecast

By Angelique Platas

Following fourth-quarter U.S. hotel industry gains, CBRE Hotels Research has raised its 2023 revenue forecast, especially in the first quarter, the company announced. CBRE's revised 2023 forecast now predicts revenue per available room will reach $97.46. Keep Reading

Sonder to Lay Off 14 Percent of Corp. Workforce

Short-term accommodation provider Sonder Holdings is laying off approximately 100 corporate employees, about 14 percent of its workforce, co-founder and CEO Francis Davidson said Wednesday during an earnings call. Keep Reading

Wheels Up Announces Corp. Layoffs

Private aviation supplier Wheels Up has begun a layoff of corporate employees, the company informed employees in a Wednesday memo. Keep Reading

Lufthansa Orders 22 Long-Haul Jets

The Lufthansa Group has placed an order for 22 Airbus and Boeing long-haul jets worth $7.5 billion, the company announced Thursday. Keep Reading

Virgin Atlantic Joins SkyTeam

Virgin Atlantic on Thursday formally joined the SkyTeam airline alliance, according to the carrier. Keep Reading

U.S. airports that stand to receive a share of nearly $1 billion in funding distributed by the Federal Aviation Administration, authorized by the federal infrastructure legislation.

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CTM Launches Widget to Score Traveler Well-Being

Corporate Travel Management has developed a widget to measure traveler well-being within the CTM Portal, the travel management company announced. Keep Reading

Globetrotter Adds Australia, New Zealand Coverage to One Global

Australia-based Globetrotter Corporate Travel has joined the One Global alliance of travel management companies, providing coverage of Australia and New Zealand for the group. Keep Reading